Over 60 Percent of CEOs Expecting Recession, 15 Percent Already in Recession: Survey

A man walks past a Wells Fargo bank in Laguna Beach, Calif., on April 1, 2022. The bank expects the United States to enter recession in 2023. John Fredricks/The Epoch Times

A significant majority of CEOs are worried about an upcoming potential recession, while many are also worried about the issue of margin compression, according to the latest survey by business research firm The Conference Board.

More than 60 percent of global CEOs are expecting a recession in their primary location of operation within the next 12 to 18 months, the June 17 survey said (pdf). This sentiment is shared by other C-suite executives. Fifteen percent of CEOs claimed that their regions were already in recession.